Arena to become the PLM complement to PTC's Onshape as the core of SaaS family of products. PTC announced plans to acquire SaaS PLM company, Arena Solutions of Foster City, for $715 million in cash. The deal is expected to close in PTC’s fiscal Q2 2021. In the announcement, PTC CEO Jim Heppelmann said Arena would become part of PTC’s effort to be “the industrial SaaS leader,” … [Read more...] about PTC gets SaaS PLM with the acquisition of Arena
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Dassault Systèmes reports third quarter 2020
Medidata carries it through; the company confirms its 2020 non-IFRS EPS Objective. Dassault’s financial has been able to raise its revenues in a tough time, but only because it bought Medidata, specifically a life sciences company involved in drug testing right before the onset of a global pandemic. Total revenue was up 13%, thanks to that acquisition. Dassault’s total … [Read more...] about Dassault Systèmes reports third quarter 2020
PTC and Rockwell Automation expand their strategic alliance
The two companies celebrate 250 new joint customers as a result of the deal. PTC and Rockwell Automation signed a strategic alliance in 2018 to jointly sell their products for PLM, SaaS, factory automation, IoT, virtual machinery simulation, and testing software. At that time, the deal was sealed with a $1 billion equity investment in PTC shares and a seat on the board for … [Read more...] about PTC and Rockwell Automation expand their strategic alliance
PTC’s new employment arrangement with CEO Jim Heppelmann
Apart from this year’s extreme challenges, PTC achieved an important milestone this year. Jim Heppelmann completed 10 years as PTC’s President and CEO. Under his leadership, the company has been through the most transformative years in its history. Now PTC has announced a new employment arrangement with its CEO Jim Heppelmann. The new arrangement includes a three-year executive … [Read more...] about PTC’s new employment arrangement with CEO Jim Heppelmann
Dassault Systèmes has very good second quarter
In spite of it all, or actually because of it all; Medidata business boosts Dassault’s revenues. Dassault’s diversity continues to serve the company well. Like all companies, Dassault Systèmes is seeing some of its segments suffer as the Coronavirus shuts down businesses and production. The company’s traditional business in PLM is hitting rough road, but the company has moved … [Read more...] about Dassault Systèmes has very good second quarter
Taking strategic advantage of digital thread through Siemens–SAP partnership
The fortunes of Siemens and SAP have been intertwined for a long time. This week, the industry giants announced a partnership that will provide their complementary software solutions for product lifecycle, supply chain and asset management to the customers. Thomas Saueressig, Head of Product Engineering and Member of the Executive Board of SAP, said, “The partnership will offer … [Read more...] about Taking strategic advantage of digital thread through Siemens–SAP partnership
Siemens makes Teamcenter 12 cost-effective, provides flexible PLM
The latest version of the company’s flagship PLM offering sees several quality of life improvements. Siemens recently announced the latest addition to its signature PLM (product lifecycle management) software in the form of Teamcenter 12. Touting itself as “the world’s most widely used PLM software,” Teamcenter 12 attempts to further refine its PLM functionalities while also … [Read more...] about Siemens makes Teamcenter 12 cost-effective, provides flexible PLM
In search of the Digital Twin
PTC makes the case for merging PLM and the Internet of Things at LiveWorx 2015 Stuttgart. By Tom Lansford Why does a CAD & PLM company invest in the Internet of Things, Big Data Analytics, and Augmented Reality? It could be due to a vision of a new "digital twin" where the digital and the real come together, interact, and are - literally - linked together. It is … [Read more...] about In search of the Digital Twin
PTC turns in good second quarter
CAD and PLM are slow but steady; new markets are starting to kick in. PTC (NASDAQ: PTC) reported second quarter results that compare favorably with year-ago results. Revenue in the quarter (ending March 29, 2014) was $329 million, up 5% from a year earlier. The company’s newest acquisitions, Enigma, NetIDEAS, and ThingWorx, contributed $4 million in revenue. Breaking down … [Read more...] about PTC turns in good second quarter
GrabCAD Workbench Pro exits beta as a Collaborative Product Data solution
What started as “GitHub for 3D” and a community of designers has become a legitimate SaaS collaborative product data tool for small groups. Next week GrabCAD Workbench Pro will exit its beta period and become generally available with new features that realistically allow it to be called a collaborative product data solution (CPD). GrabCAD Workbench started out as a … [Read more...] about GrabCAD Workbench Pro exits beta as a Collaborative Product Data solution